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Closing Bell: Nifty 50 Ends At 24,636; Sensex Down 97 Points, Adani Ports, JSW, Tata Motors Top Gainers

Stock Market Live Updates: Nifty and Sensex closed in red marking the eight straight session of losses Tuesday. The Indian stock market closing has come after both the benchmark indices continued to trade in the range-bound manner.

Earlier, GIFT Nifty futures signalled a soft-to-negative start for Indian equities. India's benchmark equity indices, the Nifty 50 and the Sensex extended their losing streak for the seventh consecutive trading session on Monday, September 29, reflecting continued weakness across key sectors. The market remained largely range-bound and lacked strong directional cues, with investors showing caution ahead of the Reserve Bank of India's upcoming monetary policy decision.

Closing Bell: Nifty 50 Ends At 24,636; Sensex Down 97 Points

Throughout the day, trading sentiment remained subdued, as persistent selling pressure in sectors like auto, IT, and pharma kept the indices under pressure. While the session began on a mildly positive note, intraday gains were quickly erased amid profit booking and lack of broader market support.

The Nifty 50 closed the session at 24,634.90, down by 19.80 points, or 0.08%, marking yet another day of marginal losses. Similarly, the BSE Sensex, comprising 30 large-cap companies, declined by 61.52 points, or 0.08%, to settle at 80,364.94.

President Donald Trump has announced a fresh wave of tariffs targeting the furniture and timber industries. Beginning October 14, a 10% tariff will be imposed on softwood timber and lumber, along with a 25% tariff on certain upholstered wooden products.

This follows an earlier announcement on September 26 of tariffs on kitchen cabinets, vanities, and other furniture items set to take effect on October 1.

Additionally, Trump has proposed 100% tariffs on foreign films and hinted at more "substantial" duties on furniture imports

Despite the weakness in headline indices, select pockets of the market saw buying interest, particularly in PSU banks, oil & gas, and realty stocks. However, this was not enough to offset the drag from heavyweight sectors facing near-term headwinds.

On September 29, global ratings agency Moody's affirmed India's sovereign credit rating at 'Baa3' with a 'Stable' outlook.

According to Moody's, the rating reflects India's strong credit fundamentals, including a robust external position and the ability to sustain domestic financing for its fiscal deficits. The agency noted that these factors continue to support India's resilience amid global economic challenges.

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